TOKYO, JAPAN, May 08, 2023 (GLOBE NEWSWIRE) — According to a comprehensive research report by Market Research Future (MRFR), Smart home projector market Information by type, resolution, technology, price, sales channel, region — Forecast to 2030 expects the market to capture a valuation of approximately US$1.9 billion by the end of 2030. It thrives at a robust CAGR of over 17.7% during the evaluation period.
Smart Home Projector Market Overview:
A smart home projector paired with a soundbar or speakers can provide a cinema-like experience at home. These projectors offer impressive image quality along with excellent brightness, vivid colors and quality contrast ratios. These devices are also highly portable, making them ideal for video streaming in your backyard or outdoors.
More and more people prefer to use smart projectors to watch movies and TV shows on screens of 100 inches or more from the comfort of their homes, away from crowds and noise. This also allows you to pause the show at any time.household are hiring more and more Smart home devices, and most smart home owners, are continuously upgrading their ecosystem with new products.
However, these DIY enthusiasts constantly experience installation and compatibility issues when trying to create their own truly connected smart home. The emergence of a unified standard, Matter 1.0, has the potential to address and resolve interoperability and security issues. Advancements in smart living systems and products have created significant market opportunities with unified support and powerful solutions at mainstream prices.
Over the last few years, investments in smart home systems have increased continuously. Industry players are striving to set new benchmarks by offering smart home projectors that offer excellent value for money. A key market trend is the growing demand for smart home technologies that rapidly improve connectivity and are easy to integrate. Increasing integration of advanced smart home solutions and appliances drives the market growth.
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The leading players in the smart home projector market are:
- Samsung Electronics (Korea),
- Sony Corporation (Japan),
- Viewsonic (USA),
- SERAPHIC Information Technology Co. Ltd. (China),
- Koninklijke Philips NV (Netherlands),
- Zebronics (India),
|Revenue forecast for 2030
|17.7% CAGR from 2022 to 2030
|Main market opportunity
|Emerging economies are expected to open up lucrative opportunities in the market
|key market drivers
|Increased disposable income due to the integration of projection technology and mobile devices
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The development of smart living systems and products specifically designed for home and office use will boost the market size. Recent years have seen an increase in investment in smart home and office systems. Technological advances and increasing number of smart and connected homes and workplaces are driving the market growth. Industry players are committed to setting new benchmarks by offering unified and powerful solutions at mainstream prices.
Rapidly increasing connectivity and easy-to-integrate smart home solutions are mainly driving the growth of the smart home projector market. Moreover, rising trend of smart home and office and increasing integration of advanced smart home devices and appliances are increasing the market share. Also, the prevalence of his DIY initiative in smart homes is supporting the growth of the market.
Investment in the smart home projector space has increased over the last few years. Technological advances and the rise of smart homes and workplaces drive the market growth. With the widespread adoption of his DIY initiative for smart home projectors, the market will see significant revenue growth in the coming years.
However, growing concerns about cyber security may hamper the market growth. Privacy and security will continue to be enhanced as the number of smart home projects grows. Nevertheless, technological advancements and an increase in smart & connected home and workplace projects will support the market growth throughout the evaluation period.
The smart home projector market report is segmented into resolution, technology, price, sales channel, and region. Resolution segments are sub-segmented into HD (1920 x 1080 pixels), XGA (1024 x 768 pixels), WXGA (1280 x 800 pixels), 4K (4096 x 2160 pixels), 8K (7680 x 4320 pixels), etc. .
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The technology segment is sub-segmented into DLP, LCD, LED, LCoS, and others. The price segment is sub-segmented into low-end, mid-end and high-end. The sales channel segment is sub-segmented into online and offline. By region, the smart home projector market is segmented into Asia Pacific, Americas, Europe, and Rest of the World.
North America dominates the global smart home projector market. Rising number of smart home and office projects and high standard of living due to high disposable income are driving the growth of the market. Additionally, government initiatives to promote energy efficient solutions that can offer benefits such as increased energy savings and reduced costs are demonstrating market value. The US market remains the dominant market in the region due to massive technological advancements and increasing adoption of smart home projectors.
The smart home projector market appears to be vastly expanding and highly competitive with numerous major players operating at international and regional levels across the globe. The market is likely to witness intense competition as products, services and innovations are expected to expand.
Smart home projector providers develop devices with technical proficiency and unmatched design and features. Market players are striving to enrich the product ecosystem, including new categories and features. We have also partnered with IoT platform service providers to Promote smart home adoption and jointly develop and promote smart home projectors.
For example, on February 25, 2023, India’s leading home entertainment & lifestyle accessories and IT peripherals brand, Zebronics, launched EB-PixaPlay 18, a new smart LED full HD projector. It can project a whopping 100 cm screen size and redefine your home cinema experience. The ZEB-PixaPlay 18 projector has powerful built-in speakers to complete the experience. Consumers can enjoy big-screen entertainment, including streaming movies and shows, live sports, and games.
The Japanese smart home projector market is a growing market, with a wide range of products being offered to customers. Smart His projectors are becoming increasingly popular in Japan as they offer a convenient and flexible way to enjoy multimedia content at home.
Major players in the Japanese smart home projector market include companies such as Sony, Epson, and Panasonic. These companies offer smart projectors ranging from entry-level models to high-end models with advanced features such as 4K resolution, HDR support and built-in voice assistants.
View the regional version of the Japan smart home projector market report.
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